LXC is currently trying to break out of a bull flag formation. Will it hold overnight? One of the most exciting projects in the space could also be one of the stars of the next bull run.
LCX struggling to cross above $0.35? also can we expect a big movement above 0.35 ?
JaMoonBoy
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@Kothakapu the fact it hasn't nosedived is a great sign, and consolidation on 4hr timeframe aswell. It may come down to the orange confluence area ($0.30) area and find support. But also we've had a massive move up so let's see, possible to have a big correction. I'm in LCX long term so doesn't bother me too much if a big drop. I got in at $0.065, when it broke out of the down trend in Nov, so took my initial investment out once it hit 5x this week. If lots of other traders got in under the same analysis, then you might see some wide scale profit taking now. LCX could legitimately do a 30x in this bull run though. If it does that we won't even be thinking about $0.35 in a years time. If your scalping though I understand.
@Kothakapu LCX has now hit confluence area, but it got there very quickly. I was expecting to strike down between tomorrow and Sunday morning (or start of next trading week). A quick drop to confluence (in my experience) is not a good thing, so let's see what happens, could see more negative movement if it breaks through confidently
MyCryptoParadise_Nathan
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It's always exciting to monitor such patterns as they can signal significant upcoming market movements.